How we spend your Council Tax
We collect money to fund the local services that we provide to you.
How our budget is funded
Our budget is funded by:
- Council Tax
- business rates
- direct funding from national government
| Source of funding | Expected income (£ million) | Description |
|---|---|---|
| Council Tax | £13.8m | The money we receive from our residents to pay for the services we provide. |
| Business rates | £3.4m | The money we receive from businesses such as shops, offices, hotels and factories, to pay for the services we provide. |
| Government grant | £4.7m | The funding we receive from central Government in the form of Revenue Support Grant. |
| Total | £22m |
Our budgets
The table below sets out our 2 budgets for the financial year.
- Our 'business as usual budget' shows our costs to deliver local services.
- Our 'total budget' shows our full financial position including debt costs, commercial property income and change management costs.
| Spending on service areas | Business as usual budget (£million) | Total budget (£million) |
|---|---|---|
| Place and digital | £5.7m | £5.7m |
| Communities and people | £5.6m | £5.6m |
| Governance and corporate services | £3m | £3m |
| Finance and resources (property, revenues and benefits) | £7.2m | £0.7m |
| Corporate resources and financing costs | £0.4m | £157.1m |
| Totals | £22m | £172.1m |